1.
Bank reconciliation | |||
Ending balance as per bank statement | 12100 | ||
Add | Deposit in transit | 4950 | |
Bank error | 730 | 5680 | |
Less | Outstanding checks | 8960 | |
Adjusted bank balance | 8820 | ||
True cash balance is 8820
2.
Ending balance as per cash account | 15200 | ||
Add | Directly collected by Bank EFT | 1570 | |
Interest revenue | 220 | ||
Dividend revenue | 1790 | ||
Less | Service charges | 130 | |
NSF | 130 | ||
Adjusted cash balance | 16860 |
True cash balance is 16860
3.
An error made by made is not to be recorded in the books
So correct answer is An errorin which bank charged the company for $83 for a check that has been written by another account holder
4.
Item number 3
^^**Note: The answer that is selected is not correct, please help! On September 30, the bank...
On September 30 the bank statement of Fine Company showed a balance of $12.900. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: • Deposits in transit amounted to $5.250 • Outstanding checks amounted to $9,420 • A $760 check was incorrectly drawn on Fine's account • NSF checks returned by the bank were $1.240 • The bank service charge was $43 • Credit memo for $180 for the collection of...
6. Rainey Company's true cash balance at October 31 is 55030. The reconciliation • Outstanding check 5780 • Deposits in transit, 5540 • Rank service charges, $105 . The hankhadootected account receivable for Rainey Copy, $1150 . The bank statement included an NSF check written by one of R y 's u s for What was the unadjusted book balance at October 31? A) S5825 B) $4780 54675 D) 55270 7. At March 31, Cummins Co. had an unadjusted balance...
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: Deposits $26,700 BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $27,000 NSF checks-Betty Brown Bank service charges 53 Balance, September 30 Balance $ 6,650 33, 350 6,350 6,240 6,187 6,187 110 Sept. 1 Balance Sept. Deposits Cash (A) 6,650 Sept. Checks written 29,050 29,650 No outstanding checks and no deposits in transit were carried over from...
Need help in bank reconciliation and general journal. McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: No outstanding checks and no deposits in transit were noted In August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT Involved transactions with Cadieux Company's customers. Required: 1. Prepare a bank reconciliation.
E7-12The information below relates to the Cash account in the ledger of Robertson Company.Balance September 1-$17,150; Cash deposited-$64,000.Balance September 30-$17,404; Checks written-$63,746.The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.CreditsDebitsCollection of $1,500 note plus interest $30 $1,530 NSF check: J. E. Hoover $425Interest earned on checking account $45 Safety deposit box rent $65At September 30, deposits in transit were $4,450, and outstanding checks totaled $2,383.
Required information (The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 90 $2,730 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 710 1,520 2,210 Balance $1,820 1,730 4,460 3,750 2,230 20 125 1 15 105 EFT deposit Service charge 10 Balance...
Required information The following information applies to the questions displayed below. The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 100 $3,24 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 889 1,860 2,380 Balance $2,160 2,060 5,3ee 4,420 2,560 180 370 350 190 EFT deposit Service charge Balance Sep 1...
Required information (The following information applies to the questions displayed below.] The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 100 $3,300 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Balance $2,200 2,100 5,400 4,500 2,600 #101 #102 #103 $ 900 1,900 2,400 200 400 EFT deposit Service charge 200 20 380 Balance Sep...
E6-28 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash L06-4 The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here. BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $26,900 NSF checks-Betty Brown Bank service charges Balance, September 30 $26.550 180 Cash (A) Sept. Checks written Sept. 1 Balance Sept. Deposits 7,300 28,850 No outstanding checks and no deposits in transit were carried over from August,...